When compared to its counterpart, West Texas Intermediate (WTI), Brent crude had a solid 2012. While WTI was down almost 10 percent, Brent was up in the single digits. Below, the Commodity Investor outlines the growing discrepancy between Brent and WTI, also presenting an analysis of why Brent may very well be the top-performing commodity in 2013.
Brent and WTI have been the dominant benchmarks in global oil markets for decades. However, this year Brent overtook WTI as not only the most traded oil futures contract, but also as the benchmark most used to trade oil globally...............................................Full Article: Source